The company reported standalone net profit of Rs 3.17 crore for the quarter ended December 31, 2023 as compared to Rs 0.70 crore in the same period last year, registering a year-on-year growth of 352.86 per cent.

Net revenue of the company declined substantially by 55.40 per cent at Rs 10.15 crore in October-December quarter of this fiscal as against Rs 22.76 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 54.81 per cent to Rs 9.67 crore from Rs 21.40 crore in year ago period.

Other Income grew by 112.61 per cent at Rs 4.89 crore versus (Dec'22 Rs 2.30 crore).

Operating Profit slipped by 64.44 per cent to Rs 0.48 crore as against Rs 1.35 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 21.01 per cent in December quarter.

Interest declined by 30.96 per cent y-o-y to Rs 1.36 crore, while Taxation increased by 166.67 per cent at Rs -0.08 crore (Dec'22 Rs -0.03 crore).